Comparision Depreciation Companies Act 2013 and Companies Act 1956

Comparison of Change in Depreciation Rate of Commonly used Fixed Assets

Particulars	As per Companies Act 2013			As Per Companies Act 1956 (Single Shift Basis)
	Useful Life	SLM	WDV	SLM	WDV
Factory Building	30 Years	3.17%	9.50%	3.34%	10%
Normal Plant & Machinery	15 Years	6.33%	18.10%	4.75%	13.91%
Office Equipment	5 Years	19%	45.07%	4.75%	13.91%
Furniture (Not used in hotels etc)	10 Years	9.50%	25.89%	6.33%	18.10%
Motor Cars	8 years	11.88%	31.23%	9.50%	25.89%
Computers	3 years	31.67%	43.16%	16.21%	40%

Increased depreciation in Companies Act 2013 in all major heads except Factory Building.